January Pending Home Sales: National, Regional, Charlottesville/Albemarle

The National Association of Realtors (NAR) released their index of January Pending Home Sales on Tuesday, March 3.This monthly index is a "forward-looking indicator based on contracts signed in January," according to their press release. The index is at its lowest level since tracking began in 2001.Calculated Risk points out that the Pending Home Sales index leads existing home sales by about 45